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Property profile & analytics
OFF-MARKET
Office Spaces
603 Corporate W Dr Langhorne, PA 19047-8013
Entity Owned
Absentee Owner
Free & Clear
Property ID
US73-2509560
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1988
Total area
1,457 SF
Zoning code
OC
APN
22-078-009-603
UPID
US73-2509560
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Professional Group Abstract Title Company
-
Veolia Water Mark General Contractor
-
Supreme Wellness | Outpatient Addiction & Mental Health Treatment Medical Clinic
-
Sienna Abstract LLC Title Company Escrow Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Butter Card LLC
Butter Card LLC
since 2025
Last sale
$385,000
7 recorded transactions
Zoning & alternative use
OC · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Langhorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langhorne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,916
Tax year 2024
Assessed value
$22,580
Assessed 2024
Previous assessed
$22,580
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed improvement
$22,580
Improvement market value
$309,314
Total market value
$309,314
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1988
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
1,457 SF
Zoning code
OC
APN
22-078-009-603
UPID
US73-2509560
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
OC · Langhorne, PA
Zoning OC · permitted uses
OC · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Langhorne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Butter Card LLC
Entity
Free & Clear · 0 yrs held
Mailing address
20 TERRY DR W UNIT #922, NEWTOWN, PA 18940-4944
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2025
$385,000
Butter Card LLC
603 Corporate Drive LLC
Special Warranty Deed
—
Oct 24, 2025
—
105 Corporate Drive East LLC
—
Deed
related
$1,060,000 · Ax Capital LLC
Oct 17, 2024
$361,000
603 Corporate Drive LLC
Jbl 603 Corporate LLC
Deed
—
Apr 8, 2024
$350,000
Jbl 603 Corporate LLC
603 Corporate Drive West LLC
Re-recorded Document
related
—
Feb 6, 2024
$350,000
Jbl 603 Corporate LLC
603 Corporate Drive West LLC
Deed
—
Jan 31, 2020
$250,000
603 Corp Drive West LLC
Ortendahl Ptshp
Grant Deed
—
Jun 1, 2001
$190,000
John M Ortendahl
Dolan,philip F & Marianne E
Grant Deed
$320,000 · First Federal Savings & Loan
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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